Dr. Roel Van Roy: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Dr. Roel Van Roy
Largest movements
- Cash +€105,435
up €105,435 (+84.4%), from €124,895 to €230,329
mainly Net result for the year (+€175,701) and Other debts (+€102,977)
- Other debts +€102,977
up €102,977 (+1,584%), from €6,499 to €109,477
- Gross operating margin +€18,159
up €18,159 (+8.3%), from €219,802 to €237,961
- Financial income +€8,956
up €8,956 (+264%), from €3,396 to €12,352
- Taxes +€6,638
up €6,638 (+9.9%), from €66,821 to €73,459
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €900,280 | €1,000,233 | +€99,953 | +11.1% |
| Fixed assets | 21/28 | €108 | €0 | -€108 | -100% |
| Tangible fixed assets | 22/27 | €108 | €0 | -€108 | -100% |
| Furniture and vehicles | 24 | €108 | €0 | -€108 | -100% |
| Current assets | 29/58 | €900,172 | €1,000,233 | +€100,061 | +11.1% |
| Amounts receivable within one year | 40/41 | €56,929 | €54,392 | -€2,537 | -4.5% |
| Trade receivables | 40 | €56,929 | €54,265 | -€2,665 | -4.7% |
| Other amounts receivable | 41 | - | €128 | +€128 | |
| Current investments | 50/53 | €715,509 | €712,694 | -€2,816 | -0.4% |
| Cash at bank and in hand | 54/58 | €124,895 | €230,329 | +€105,435 | +84.4% |
| Deferred charges and accrued income | 490/1 | €2,838 | €2,818 | -€21 | -0.7% |
| Total equity and liabilities | 10/49 | €900,280 | €1,000,233 | +€99,953 | +11.1% |
| Equity | 10/15 | €871,835 | €870,036 | -€1,799 | -0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €858,555 | €856,756 | -€1,799 | -0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €858,555 | €856,756 | -€1,799 | -0.2% |
| Profit (loss) carried forward | 14 | €880 | €880 | = | 0.0% |
| Amounts payable | 17/49 | €28,445 | €130,197 | +€101,752 | +358% |
| Amounts payable within one year | 42/48 | €28,445 | €130,072 | +€101,627 | +357% |
| Trade debts | 44 | €1,145 | €703 | -€443 | -38.6% |
| Suppliers | 440/4 | €1,145 | €703 | -€443 | -38.6% |
| Taxes, remuneration and social security | 45 | €20,800 | €19,893 | -€907 | -4.4% |
| Taxes | 450/3 | €20,800 | €19,765 | -€1,035 | -5.0% |
| Remuneration and social security | 454/9 | - | €128 | +€128 | |
| Other amounts payable | 47/48 | €6,499 | €109,477 | +€102,977 | +1,584% |
| Accrued charges and deferred income | 492/3 | - | €125 | +€125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €108 | -€825 | -88.4% |
| Other operating charges | 640/8 | €764 | €734 | -€30 | -3.9% |
| Gross operating margin | 9900 | €219,802 | €237,961 | +€18,159 | +8.3% |
| Operating profit (loss) | 9901 | €218,106 | €237,119 | +€19,013 | +8.7% |
| Financial income | 75/76B | €3,396 | €12,352 | +€8,956 | +264% |
| Recurring financial income | 75 | €3,396 | €12,352 | +€8,956 | +264% |
| Financial charges | 65/66B | €69 | €311 | +€242 | +349% |
| Recurring financial charges | 65 | €69 | €311 | +€242 | +349% |
| Profit (loss) for the period before taxes | 9903 | €221,432 | €249,160 | +€27,727 | +12.5% |
| Income taxes | 67/77 | €66,821 | €73,459 | +€6,638 | +9.9% |
| Profit (loss) for the period | 9904 | €154,611 | €175,701 | +€21,090 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €154,611 | €175,701 | +€21,090 | +13.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.